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SEIKITOKYU KOGYO, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 11% Increase
1898 SEIKITOKYU KOGYO CO.,LTD. 【J-GAAP】
Earnings ReportSEIKITOKYU KOGYO CO.,LTD. <1898> [TSE Prime] announced its financial results after the market closed on November 6th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 2.20 billion yen, an increase 50.8% compared to the same period last year, exceeded the previous forecast of 1.90 billion yen.
In addition, the full-year forecast for consolidated ordinary profit has been revised upward 12.3%, from the previous forecast of 5.70 billion yen to 6.40 billion yen (compared to 5.78 billion yen in the previous period), turning to a 10.6% increase in the consolidated ordinary profit outlook.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 3.1% from the same period last year to 4.19 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 34.7% from the same period last year, reaching 1.62 billion yen. The operating profit margin improved from 5.2% in the same period last year to 7.2%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 39,634 | 993 | 1,007 | 861 | 23.6 | 24.7 | Nov 6, 2023 | J-GAAP |
| Apr - Sep, 2024 | 44,682 | 1,509 | 1,464 | 935 | 25.6 | 25.3 | Nov 6, 2024 | J-GAAP |
| Apr - Sep, 2025 | 42,983 | 2,222 | 2,208 | 1,503 | 41.1 | 34.5 | Nov 6, 2025 | J-GAAP |
| YoY | -3.8% | +47.2% | +50.8% | +60.7% | +60.1% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 46,100 | 1,900 | 1,900 | 1,300 | 35.5 | 35 | Aug 5, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 42,983 | 2,222 | 2,208 | 1,503 | 41.1 | 35 | Nov 6, 2025 | J-GAAP |
| Revision Rate | -6.8% | +16.9% | +16.2% | +15.6% | +15.7% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 100,500 | 5,900 | 5,700 | 3,900 | 106.5 | 70 | May 12, 2025 | J-GAAP |
| Mar, 2026 New | 101,300 | 6,600 | 6,400 | 4,600 | 125.6 | 70 | Nov 6, 2025 | J-GAAP |
| Revision Rate | +0.8% | +11.9% | +12.3% | +17.9% | +18.0% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 54,676 | 4,333 | 4,324 | 2,952 | 80.9 | 45 | May 12, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 58,317 | 4,378 | 4,192 | 3,097 | 84.5 | 35 | Nov 6, 2025 | J-GAAP |
| YoY | +6.7% | +1.0% | -3.1% | +4.9% | +4.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 88,037 | 4,091 | 4,078 | 2,740 | 75.2 | 90 | May 8, 2024 | J-GAAP |
| Mar, 2025 | 99,358 | 5,842 | 5,788 | 3,887 | 106.5 | 90 | May 12, 2025 | J-GAAP |
| Mar, 2026 Guidance | 101,300 | 6,600 | 6,400 | 4,600 | 125.6 | 70 | Nov 6, 2025 | J-GAAP |
| YoY | +2.0% | +13.0% | +10.6% | +18.3% | +18.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 24,058 | 1,260 | 1,206 | 812 | 22.3 | 5.2 | Nov 6, 2024 | J-GAAP |
| Oct - Dec, 2024 | 29,033 | 2,610 | 2,628 | 1,792 | 49.1 | 9.0 | Feb 7, 2025 | J-GAAP |
| Jan - Mar, 2025 | 25,643 | 1,723 | 1,696 | 1,160 | 31.8 | 6.7 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 20,375 | 598 | 584 | 422 | 11.5 | 2.9 | Aug 5, 2025 | J-GAAP |
| Jul - Sep, 2025 | 22,608 | 1,624 | 1,624 | 1,081 | 29.5 | 7.2 | Nov 6, 2025 | J-GAAP |
| YoY | -6.0% | +28.9% | +34.7% | +33.1% | +32.6% |
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